Flex Stock Price on March 31, 2023
| FLEX Stock | USD 27.42 1.08 4.10% |
Below is the normalized historical share price chart for Flex extending back to March 21, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Flex stands at 27.42, as last reported on the 2nd of May, with the highest price reaching 27.42 and the lowest price hitting 25.65 during the day.
If you're considering investing in Flex Stock, it is important to understand the factors that can impact its price. We consider Flex very steady. Flex secures Sharpe Ratio (or Efficiency) of 0.0739, which denotes the company had a 0.0739% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Flex, which you can use to evaluate the volatility of the firm. Please confirm Flex's Mean Deviation of 1.6, downside deviation of 1.71, and Coefficient Of Variation of 581.83 to check if the risk estimate we provide is consistent with the expected return of 0.17%.
At this time, Flex's Liabilities And Stockholders Equity is fairly stable compared to the past year. Stock Based Compensation is likely to rise to about 160.6 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 3.1 B in 2024. . At this time, Flex's Price To Sales Ratio is fairly stable compared to the past year. Price Earnings Ratio is likely to rise to 21.53 in 2024, despite the fact that Price Earnings To Growth Ratio is likely to grow to (1.29). Flex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 18th of March 1994 | 200 Day MA 26.7571 | 50 Day MA 28.4782 | Beta 1.183 |
Flex |
Sharpe Ratio = 0.0739
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | FLEX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.25 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Flex is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Flex by adding it to a well-diversified portfolio.
Price Book 2.0045 | Enterprise Value Ebitda 7.2018 | Price Sales 0.4067 | Shares Float 418.6 M | Wall Street Target Price 31.63 |
Flex Valuation on March 31, 2023
It is possible to determine the worth of Flex on a given historical date. On March 31, 2023 Flex was worth 21.51 at the beginning of the trading date compared to the closed value of 16.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Flex stock. Still, in general, we apply an absolute valuation method to find Flex's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Flex where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Flex's related companies.
| Open | High | Low | Close | Volume | |
| 21.61 | 21.76 | 16.21 | 16.21 | 2,527,882 | |
03/31/2023 | 21.51 | 22.23 | 16.74 | 16.74 | 3,942,205 |
| 22.10 | 22.26 | 16.40 | 16.40 | 3,449,882 |
| Backtest Flex | | | Flex History | | | Flex Valuation | Previous | Next |
Flex Trading Date Momentum on March 31, 2023
| On April 03 2023 Flex was traded for 16.40 at the closing time. The top price for the day was 22.26 and the lowest listed price was 16.40 . The trading volume for the day was 3.4 M. The trading history from April 3, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.03% . The overall trading delta against the current closing price is 22.04% . |
Flex Fundamentals Correlations and Trends
By evaluating Flex's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Flex's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Flex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Flex Stock history
Flex investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Flex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Flex will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Flex stock prices may prove useful in developing a viable investing in Flex
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 531.3 M | 525.8 M | |
| Net Income Applicable To Common Shares | 912 M | 957.5 M |
Flex Quarterly Net Working Capital |
|
Flex Stock Technical Analysis
Flex technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Flex Period Price Range
Low | March 31, 2023
| High |
21.51 | 16.74 |
Flex May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Flex stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Flex shares will generate the highest return on investment. By undertsting and applying Flex stock market strength indicators, traders can identify Flex entry and exit signals to maximize returns
| Accumulation Distribution | 973581.0 | |||
| Daily Balance Of Power | (0.87) | |||
| Rate Of Daily Change | 0.78 | |||
| Day Median Price | 19.49 | |||
| Day Typical Price | 18.57 | |||
| Price Action Indicator | (5.13) | |||
| Period Momentum Indicator | 10.68 | |||
| Relative Strength Index | 41.13 |
Flex Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Flex's price direction in advance. Along with the technical and fundamental analysis of Flex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Flex to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1171 | |||
| Jensen Alpha | 0.2584 | |||
| Total Risk Alpha | 0.1849 | |||
| Sortino Ratio | 0.1723 | |||
| Treynor Ratio | 0.1997 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Flex Stock please use our How to Invest in Flex guide.Note that the Flex information on this page should be used as a complementary analysis to other Flex's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Flex Stock analysis
When running Flex's price analysis, check to measure Flex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Flex is operating at the current time. Most of Flex's value examination focuses on studying past and present price action to predict the probability of Flex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flex's price. Additionally, you may evaluate how the addition of Flex to your portfolios can decrease your overall portfolio volatility.
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |
Is Flex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Flex. If investors know Flex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Flex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Earnings Share 1.68 | Revenue Per Share 66.374 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0425 |
The market value of Flex is measured differently than its book value, which is the value of Flex that is recorded on the company's balance sheet. Investors also form their own opinion of Flex's value that differs from its market value or its book value, called intrinsic value, which is Flex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Flex's market value can be influenced by many factors that don't directly affect Flex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Flex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Flex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.